This paper analyzes how imperfections of property rights affect allocation of assetsand welfare, using micro-survey data from Bulgaria. Co-ownership of assets iswidespread in many countries due to inheritance. Central and Eastern Europe offersan interesting natural experiment to assess the effects of such rights imperfectionsbecause of the asset restitution process in the 1990s.
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Library ResourceConference Papers & ReportsDecember, 2007Bulgaria, Eastern Europe
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Library ResourceConference Papers & ReportsDecember, 2007Bulgaria, Eastern Europe
This paper analyzes how imperfections of property rights affect allocation of assets andwelfare, using micro-survey data from Bulgaria. Co-ownership of assets is widespread inmany countries due to inheritance. Central and Eastern Europe offers an interestingnatural experiment to assess the effects of such rights imperfections because of the assetrestitution process in the 1990s.
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